Guys i was using Trading view and viewing the EURUSD chart and i realized the calibrations on the graph have 5 decimal places…how do I calculate the pips for every rise to the next calibration? Because I thought the calibrations should be to 4 decimal places so that each rise in the 4th decimal place indicates one pip raise

# Am having trouble interpreting charts

Hello brother.

1 pip = 10 points

0.00010 = 1 pip

0.00020 = 2 pips

0.00030 = 3 pips

and so on. For 3 digits pair.

0.010 = 1 pip

0.020 = 2 pips

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I hope this helps

Thanks bro…i really appreciate that thing has been giving me a hard time ever since I started using the trading view

No problem bro, I am glad I was able to help you.

Hello

Yes usually currency pairs consist of 5 decimal points except for JPY pairs which consist of 3

the pip is the second to last decimal(4th in this case)

and the point is the last decimal(5th in this case)

Plus, as mentioned above 1pip=10 points

Btw, this applies to all CFDs (currencies, stocks, metals, crypto, indices, energies, etc…)

Thanks this has actually helped me a lot…i can’t believe I had forgotten with what I started with😂

Same lol. Sometimes all it takes is a colorful graphic